Key Developments: Braskem SA (BAK)
16.75USD
24 May 2013
$0.12 (+0.72%)
$16.63
$16.74
$16.85
$16.51
207,025
335,875
$17.85
$10.48
Latest Key Developments (Source: Significant Developments)
Braskem SA Sells Distribuidora de Aguas Camacari SA and 54.2% Stake in Cetrel SA to Odebrecht Ambiental
Braskem SA announced that on December 28, 2012 it sold to Odebrecht Ambiental assets related to the Water Treatment Unit, located in the Camacari Petrochemical Complex, through the sale of the total stake in Distribuidora de Aguas Camacari SA and it sold a total stake held by the Company in Cetrel SA, corresponding to a 54.2% stake in the share capital of Cetrel SA. The value of the transaction is of BRL 652 million. Full Article
Braskem SA Updates on Dividend Payment
Braskem SA announced that the decision of the 18th Federal Court determined the release of the Company's dividend totaling BRL 1,597,880.48. In this way, the Company confirmed that the dividend approved on April 27, 2012 will be paid out in full on November 19, 2012. Full Article
Braskem SA Adjusts FY 2011 Dividend Payment Date
Braskem SA announced that the payment of dividends for fiscal year 2011, as approved on its Ordinary General Meeting held on April 27, 2012, will be done on November 19, 2012 and not on November 20, 2012 as previously announced. Full Article
Braskem SA Obtains Financing from BNDES
Braskem SA announced that it has contracted financing upon Banco Nacional de Desenvolvimento Economico e Social – BNDES of up to BRL 680,000,295. Full Article
W. R. Grace & Co. And Braskem SA Sign Catalyst Agreement
W. R. Grace & Co. announced that it has signed a multi-year agreement with Braskem to develop process technologies and catalyst solutions to produce green chemicals. The agreement is intended to advance the commercialization of a process to convert renewably sourced feedstocks into value-added products. Details and financial terms of the agreement were not disclosed. Full Article
Brazil's Braskem eyes boosting investment due to stimulus
SAO PAULO, May 9 - Brazil's Braskem SA, Latin America's largest petrochemical company, may raise investments in coming years due to government stimulus for the chemical industry announced in April, Chief Executive Carlos Fadigas told journalists on Thursday.
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